PURC to review utility tariffs next week

The Public Utilities and Regulatory Commission, (PURC), is expected to review utility tariffs by next week.

According to the commission, it would take into consideration changes in the variables used to calculate the automatic adjustment formula before taking a decision whether to adjust upwards or downwards.

The increase would be for the fourth quarter of the year 2014.

Public Relations Officer of the commission, Nana Yaa Jantua told Citi News that PURC is yet to reach a particular figure and an announcement would be made soon.

“At the moment, we are still working on the figures, we are doing all the calculations and we haven’t reached any results yet…by next week we hope we would have finished everything and do an announcement”.